Sanjay Wadhwa, Performing Director of the US Securities and Change Fee’s (SEC) Division of Enforcement, is enjoying a key position within the investigation into allegations of bribery involving Indian billionaire Gautam Adani, his nephew Sagar Adani, and different executives of the Adani Group.
The high-profile bribery allegations centre round a scheme to pay Indian officers roughly ₹2,100 crore in change for beneficial phrases in solar energy contracts.
Wadhwa has been on the forefront of holding company leaders accountable for securities violations.“The fee would proceed to vigorously pursue and maintain people, together with senior company officers and administrators, accountable for violating their securities legislation,” he said in an announcement to The Financial Instances.
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“As alleged, Gautam and Sagar Adani induced US traders to purchase Adani Inexperienced bonds by way of an providing course of that misrepresented not solely that Adani Inexperienced had a strong anti-bribery compliance program but in addition that the corporate’s senior administration had not and wouldn’t pay or promise to pay bribes, and Cyril Cabanes participated within the underlying bribery scheme whereas serving as director of a US public firm”
Who’s Sanjay Wadhwa? Training, profession and extra
Wadhwa’s educational background spans each enterprise and legislation. He holds a Bachelor of Enterprise Administration from Florida Atlantic College and a Grasp of Legal guidelines (LLM) in Taxation from New York College College of Legislation. Moreover, he earned his Juris Physician diploma from Texas South Faculty of Legislation Houston.
His skilled journey started in 1996 as a Tax Affiliate at Cahill Gordon & Reindel LLP. In 2000, he joined Skadden, Arps, Slate, Meagher & Flom LLP and Associates, specializing in tax legislation.
Wadhwa transitioned to public service in 2003, becoming a member of the SEC as a Workers Lawyer in its Division of Enforcement. Over 20 years, he climbed the ranks, holding vital roles similar to Department Chief, Assistant Director, and Deputy Chief of the Market Abuse Unit.
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He later turned Affiliate Director and Senior Affiliate Director of the New York Regional Workplace. In 2021, Wadhwa was appointed Deputy Director of the Enforcement Division, a place that paved the way in which for his elevation to Performing Director in October 2024.
Notably, one other Indian-origin, Tejal Shah additionally spearheading the investigation in opposition to Adani teams, alongside Wadhwa.
